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Mansfelder Metals (Mansfelder Metals) Asset Turnover : 0.65 (As of Sep. 2007)


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What is Mansfelder Metals Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Mansfelder Metals's Revenue for the three months ended in Sep. 2007 was $27.7 Mil. Mansfelder Metals's Total Assets for the quarter that ended in Sep. 2007 was $42.5 Mil. Therefore, Mansfelder Metals's Asset Turnover for the quarter that ended in Sep. 2007 was 0.65.

Asset Turnover is linked to ROE % through Du Pont Formula. Mansfelder Metals's annualized ROE % for the quarter that ended in Sep. 2007 was -0.20%. It is also linked to ROA % through Du Pont Formula. Mansfelder Metals's annualized ROA % for the quarter that ended in Sep. 2007 was -0.05%.


Mansfelder Metals Asset Turnover Historical Data

The historical data trend for Mansfelder Metals's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mansfelder Metals Asset Turnover Chart

Mansfelder Metals Annual Data
Trend Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Dec06
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 - - 0.22 2.47

Mansfelder Metals Quarterly Data
Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.62 0.62 0.67 0.65

Competitive Comparison of Mansfelder Metals's Asset Turnover

For the Aluminum subindustry, Mansfelder Metals's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mansfelder Metals's Asset Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mansfelder Metals's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Mansfelder Metals's Asset Turnover falls into.



Mansfelder Metals Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Mansfelder Metals's Asset Turnover for the fiscal year that ended in Dec. 2006 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2006 )/( (Total Assets (A: Jul. 2005 )+Total Assets (A: Dec. 2006 ))/ count )
=100.162/( (37.468+43.684)/ 2 )
=100.162/40.576
=2.47

Mansfelder Metals's Asset Turnover for the quarter that ended in Sep. 2007 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2007 )/( (Total Assets (Q: Jun. 2007 )+Total Assets (Q: Sep. 2007 ))/ count )
=27.678/( (43.639+41.427)/ 2 )
=27.678/42.533
=0.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Mansfelder Metals  (OTCPK:MNSF) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Mansfelder Metals's annulized ROE % for the quarter that ended in Sep. 2007 is

ROE %**(Q: Sep. 2007 )
=Net Income/Total Stockholders Equity
=-0.02/10.19
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.02 / 110.712)*(110.712 / 42.533)*(42.533/ 10.19)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.02 %*2.603*4.174
=ROA %*Equity Multiplier
=-0.05 %*4.174
=-0.20 %

Note: The Net Income data used here is four times the quarterly (Sep. 2007) net income data. The Revenue data used here is four times the quarterly (Sep. 2007) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Mansfelder Metals's annulized ROA % for the quarter that ended in Sep. 2007 is

ROA %(Q: Sep. 2007 )
=Net Income/Total Assets
=-0.02/42.533
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.02 / 110.712)*(110.712 / 42.533)
=Net Margin %*Asset Turnover
=-0.02 %*2.603
=-0.05 %

Note: The Net Income data used here is four times the quarterly (Sep. 2007) net income data. The Revenue data used here is four times the quarterly (Sep. 2007) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Mansfelder Metals Asset Turnover Related Terms

Thank you for viewing the detailed overview of Mansfelder Metals's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Mansfelder Metals (Mansfelder Metals) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Unit 803, Dina House, Ruttonjee Centre 11 Duddell Street, Central, HKG, 200070
Website
Mansfelder Metals Ltd is engaged in manufacturing and trading of aluminum products.
Executives
Miller Lloyd I Iii 10 percent owner
Stefan Feuerstein officer: Chief Operating Officer BERLIN CHARLOTTEN STR 59, GERMANY D-1017 2M 00000
Mfc Bancorp Ltd 10 percent owner ROOM 2103 SHANGHAI MART TOWER, 2299 YAN AN ROAD WEST, CHANGNING DISTRICT, SHANGHAI F4 200336
Gavin James R Iii director BAXTER INTERNATIONAL INC, ONE BAXTER PARKWAY, DEERFIELD IL 60015

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